Some investors said they were concerned about the Italian Exchange including in its indexes foreign companies or those with a large amount of foreign holders.
"The problem is to make sure an Italian index doesn't become an international index," said Andrea Pasetti, who helps manage Italian stocks worth 650 million euros at Capitalgest SpA in Brescia. "Having an Italian company as a big shareholder in ST will make it easier, though we need to see if other stocks will be added as well."
So far this year, the average number of ST shares traded in Paris each day has been 51 percent higher than in Milan. So far this month, 4.6 percent more shares have changed hands in Italy.
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